Dairy Produce Marketing Act, 1961

Transfer of property of the Committee to the Board.

52.—(1) Subject to the provisions of this section, all property whether real or personal (including choses-in-action) which immediately before the transfer day was vested in, or belonged to, or was held in trust for, the Committee and all rights, powers and privileges relating to or connected with any such property shall, on the transfer day and without any conveyance or assignment but subject where necessary to transfer in the books of any bank, corporation or company or authority, become the property of and be vested in or held in trust for or enjoyed by (as the case may require) the Board for all the estate, trust or interest for which the same immediately before the transfer day was vested in or belonged to or was held in trust for the Committee.

(2) All property transferred by this section which, immediately before the transfer day, was standing in the books of any bank or was registered in the books of any bank, corporation, company or authority shall, upon the request of the Board made on or after the transfer day be transferred in the books by the bank, corporation, company or authority into the name of the Board.

(3) On and after the transfer day every chose-in-action transferred by this section to the Board may be sued upon, recovered or enforced by the Board in their own name and it shall not be necessary for the Board to give notice to the person bound by such chose-in-action of the transfer effected by this section.

(4) Subsection (1) of this section shall, in so far as it operates to transfer land, have effect, for the purposes of the Conveyancing Act, 1881 , as a conveyance of land.